According to Bloomberg, Crocs Inc is about to see it’s best annual sales ever.
No doubt, the pandemic is playing into our footwear fetish. Everyone wants comfort, and Crocs have that, if nothing else. The colorful clogs are flying off the virtual and physical shelves, and shares are soaring.
In a statement released on Monday, the company said revenue for 2020 will soar to about 1.4 billion, which is up more than 12%, and a record high.
Crocs shares soar on raised sales outlook through 2021 https://t.co/2g28Bt2ll5— CNBC (@CNBC) January 11, 2021
Everyone is jumping into Crocs, including country superstar Luke Combs. Combs has been working with the footwear company for a couple of years and released his latest offering back in November.